What Are The Different Types Of Risk In Insurance? #1 – Pure Risk. … #2 – Speculative Risk. … #3 – Financial Risk. … #4 – Non-Financial Risk. … #5 – Particular Risk. … #6 – Fundamental Risk. … #7 – Static Risk. … #8 – Dynamic Risk. What are the different types of risk?
What Is A Risk Example? Risk is the chance or probability that a person will be harmed or experience an adverse health effect if exposed to a hazard. … For example: the risk of developing cancer from smoking cigarettes could be expressed as: “cigarette smokers are 12 times (for example) more likely to die of
What Is An Example Of Personal Risk? Personal risks directly affect an individual and may involve the loss of earnings and assets or an increase in expenses. For example, unemployment may create financial burdens from the loss of income and employment benefits. … Liability risks may involve litigation due to real or perceived injustice. What